Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 280,718 shares of the company's stock after selling 23,389 shares during the period. Commonwealth Equity Services LLC owned 0.09% of Datadog worth $34,074,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DDOG. AM Squared Ltd raised its holdings in Datadog by 25.0% in the 4th quarter. AM Squared Ltd now owns 500 shares of the company's stock worth $61,000 after purchasing an additional 100 shares during the period. Yousif Capital Management LLC raised its holdings in Datadog by 3.2% in the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company's stock worth $386,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. raised its holdings in Datadog by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company's stock worth $198,000 after purchasing an additional 110 shares during the period. Park Avenue Securities LLC raised its holdings in Datadog by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company's stock worth $1,039,000 after purchasing an additional 146 shares during the period. Finally, Signaturefd LLC raised its holdings in Datadog by 6.1% in the 4th quarter. Signaturefd LLC now owns 2,656 shares of the company's stock worth $322,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity

In other news, insider Madre Armelle De sold 600 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total value of $75,204.00. Following the sale, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Datadog news, insider Madre Armelle De sold 600 shares of the firm's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total value of $75,204.00. Following the sale, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Adam Blitzer sold 20,892 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the sale, the chief operating officer now owns 203,503 shares in the company, valued at $26,166,415.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 759,908 shares of company stock worth $97,728,997. Corporate insiders own 11.78% of the company's stock.

Datadog Trading Down 0.9 %

NASDAQ:DDOG traded down $1.19 during trading hours on Friday, reaching $124.27. 3,884,462 shares of the stock were exchanged, compared to its average volume of 3,407,850. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $124.99 and a two-hundred day moving average of $118.69. Datadog, Inc. has a twelve month low of $70.00 and a twelve month high of $138.61. The company has a market capitalization of $41.24 billion, a price-to-earnings ratio of 1,035.58 and a beta of 1.14.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $589.65 million for the quarter, compared to analysts' expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) earnings per share. On average, equities analysts predict that Datadog, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on DDOG. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $150.00 price target on shares of Datadog in a report on Wednesday, April 17th. Wells Fargo & Company upgraded Datadog from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Truist Financial boosted their price objective on Datadog from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on Datadog from $145.00 to $151.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $150.00 price objective on shares of Datadog in a research note on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.31.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.